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Falcon Announces Positive Results of Preliminary Economic Assessment for Morocco Anode Plant
(TheNewswire) After-Tax NPV8% of US$1,149 Million and IRR of 82% over 25 years ...
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"Falcon Announces Positive Results of Preliminary Economic Assessment for Morocco Anode Plant\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n After-Tax NPV8% of US$1,149 Million and IRR of 82% over\n25 years\n \n\n\n\n ■\n \n\n\n\n Initial Capital Costs of US$73 Million for\n \n\n\n\n Annual Anode Material Production of 26,000 tonnes per\nannum\n \n\n\n\n ■\n \n\n\n\n Attractive Cash Costs of US$3,193 per tonne of Anode\nMaterial\n \n\n\n\n Abu Dhabi, United Arab Emirates,\nNovember 12, 2024\n \n\n –\n \n\n TheNewswire –\n \n\n Falcon Energy Materials plc\n \n\n (TSX-V: FLCN) (“\n \n\n Falcon\n \n\n ” or the “\n \n\n Company\n \n\n ”)\n \n\n today welcomes the positive results of the\nPreliminary Economic Assessment (“\n \n\n PEA\n \n\n ”) for the\nnatural graphite spheroidization, purification and coating plant (the\n“\n \n\n Anode Plant\n \n\n ”, view the video\n \n\n\n\n HERE\n \n\n\n\n ) in the Kingdom of Morocco (“\n \n\n Morocco\n \n\n ”). The PEA,\nprepared by\n \n\n Dorfner Anzaplan UK Limited\n(“\n \n\n Anzaplan\n \n\n ”),\n \n\n showcases the strong financial\nand operational potential of Falcon’s vision to produce coated,\nspheroidized and purified graphite (“\n \n\n CSPG\n \n\n ”) anode\nmaterial in Morocco at industry leading operating costs.\n \n\n\n\n Highlights of the Preliminary\nEconomic Assessment include:\n \n\n\n\n\n\n After-tax net present value (\n \n\n NPV\n \n\n ”) at a real 8%\ndiscount rate of US$1,149 million;\n \n\n\n\n\n\n After-tax internal rate of return (\n \n\n IRR\n \n\n ”) of\n82%;\n \n\n\n\n\n\n Pre-production initial capital costs, including\ncontingency, estimated at US$73 million;\n \n\n\n\n\n\n Average operating costs of US$3,193 per tonne of CSPG;\nand\n \n\n\n\n\n\n Average CSPG production of 26,000 tonnes per annum\n(\n \n\n tpa\n \n\n ”)\nand 18,000tpa fines\n \n\n\n\n\n\n Matthieu Bos, Chief Executive Officer of Falcon,\ncommented “The robust PEA results affirm Falcon’s strategic vision\nand dedication to closing critical gaps in the battery materials\nsupply chain. We’re poised to advance as a key CSPG supplier to\nWestern markets, ensuring a reliable source of high-quality,\nsustainab...